Much of the profit generated in the EU by these multinationals actually ends up ... | Hacker News

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		markvdb on Sept 10, 2017 \| parent \| context \| favorite \| on: France, Germany, Italy, Spain seek to base taxes o... Much of the profit generated in the EU by these multinationals actually ends up largely untaxed in Bermuda/Cayman islands/... subsidiaries. https://en.wikipedia.org/wiki/Double_Irish_arrangement

candiodari on Sept 10, 2017 [–]

But that would not be able to happen if it wasn't for the EU. Then import taxes would compensate.

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